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Oil Prices Falter As Greenback Strengthens

Oil Prices Falter As Greenback Strengthens
rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.

WTI backs off from 32-month highs

Oil prices finish higher as U S crude, gasoline supplies decline

Oil prices finish higher as U.S. crude, gasoline supplies decline MarketWatch 1 hr ago FUTURES MOVERS © Johannes Eisele/Agence France-Presse/Getty Images Storage in focus. Oil futures finished higher on Wednesday, as price support from across-the-board declines in U.S. petroleum inventories outweighed concerns over the prospects for a return of Iranian crude supplies to the global market. Popular Searches A “full house of draws from this week’s inventory report” supported prices, said Matt Smith, director of commodity research, at ClipperData. “Crude inventories saw a modest draw, helped by ongoing strength in exports, a tick higher in refining activity, and a dip in imports,” he said in emailed commentary. “Higher implied demand for both gasoline and distillates encouraged a draw to both.”

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